OBAMA: Auto Industry Bailout Saved 1 Million Jobs

Discussion in 'Politics' started by Bass v 2.0, Aug 7, 2010.

  1. Bass v 2.0
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    Bass v 2.0 Biblical Warrior For God.

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  2. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    obama also said three million jobs were saved because of the stimulus and we can see that wa a lie.
     
  3. Gremlin-USA
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    Gremlin-USA <<< Me in 1970

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  4. Gremlin-USA
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    Gremlin-USA <<< Me in 1970

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    That deserves 5 rows

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    :lol::lol::lol::lol::lol:

    .
     
  5. code1211
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    code1211 Senior Member

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    You left out the word, "Union".

    The bailout as passed was aimed not at saving jobs, but at saving Union Jobs.

    The great fear as presented to the public was that if a bankruptcy proceeding occurred, there would be a loss of faith in the products of the company and an eventual failure of the companies affected.

    What was the first step in the bail out? Bankruptcy. However, the bail out provisions demanded that the union would remain intact. Lunacy. If there was no bail out and a bankruptcy had occurred, the Unions would not have had bargaining rights with the reorganized auto manufacturing entities that emorged.

    What makes the American Auto Industry uncompetitive is the cost structure and this is driven primarily by the labor rates. As long as there is a UAW, there will be too high labor rates. The industry was dying of a cancer and the prescription was to save the cancer.

    Brilliant!

    It was everything that years of experience with government planning has taught us to expect.
     
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  6. saveliberty
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    saveliberty Diamond Member

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    The bankruptcy saved jobs. It was the reorganization that made viable businesses possible here. One million sounds about right when you consider what would have happened to suppliers. Government helped to delay this process and put about 250,000 dealership employees out of work. But good news, most of those people were not union.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama turned over most of the US Auto industry to the UAW
     
  8. saveliberty
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    saveliberty Diamond Member

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    That's the facts Jack! Errr....Frank.
     
  9. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Where are all the rightwing pundits who screamed that the auto companies would be back in six months looking for more money? Where are the pundits who claimed the Government can't do anything right and would run the auto companies into the ground? Where are all the righties who claimed we would never see a cent of the money we invested?
     
  10. bigrebnc1775
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    bigrebnc1775 Diamond Member

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    Now you've done it you envoked the name of a fool but you did correct yourself.
     

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